3-Month Treasury Bill Secondary Market Rate, Discount Basis
This dataset tracks 3-month treasury bill secondary market rate, discount basis over time.
Latest Value
4.25
Year-over-Year Change
-18.27%
Date Range
1/1/1934 - 7/1/2025
Summary
The 3-Month Treasury Bill Secondary Market Rate represents the short-term borrowing cost for the U.S. government in the secondary market. This rate is a critical benchmark for short-term interest rates and serves as an important indicator of market expectations and economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This rate reflects the yield investors receive when trading 3-month Treasury bills in the secondary market on a discount basis. Economists and financial analysts closely monitor this rate as a key indicator of near-term monetary policy expectations and overall economic sentiment.
Methodology
The rate is calculated based on daily trading prices of 3-month Treasury bills in the secondary market, with data collected and reported by the Federal Reserve.
Historical Context
Central banks, investors, and policymakers use this rate to assess short-term economic conditions and make informed decisions about monetary policy and investment strategies.
Key Facts
- Represents the yield on 3-month U.S. Treasury bills in the secondary market
- Serves as a benchmark for short-term borrowing costs
- Reflects market expectations of near-term economic conditions
FAQs
Q: What does the TB3MS rate indicate?
A: The TB3MS rate shows the short-term borrowing cost for the U.S. government and serves as a key indicator of market expectations and economic conditions.
Q: How often is this rate updated?
A: The rate is typically updated daily, reflecting the most recent trading prices in the secondary market for 3-month Treasury bills.
Q: Why do investors care about this rate?
A: Investors use this rate to assess short-term investment opportunities and gauge potential changes in monetary policy and economic outlook.
Q: How does this rate relate to Federal Reserve policy?
A: The TB3MS rate provides insights into market expectations about potential Federal Reserve interest rate decisions and overall economic conditions.
Q: What are the limitations of this rate?
A: While informative, the rate represents a snapshot of market conditions and should be considered alongside other economic indicators for comprehensive analysis.
Related News
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. economic landscape. Recent data 10-year Treasury yield. With economic growth on one side and inflation data on the other, it's essential to unpack these complex dynamics. By analyzing these factors, we gain insights into the Federal Reserve's role in shaping monetary policy and the consequential market implications. The Federal Reserve's policies, market v
US Treasury Yields Increase Before Key Economic Data Release
How Treasury Yields Signal Market Expectations Ahead of Crucial Economic Data Release Treasury yields, often referred to as a barometer for the U.S. economy, signal market participants' expectations about future economic conditions. As we approach the release of critical GDP data and unemployment claims, Treasury yields rise, reflecting the collective anticipation about potential shifts in the economic landscape. These yields are central to shaping expectations about Federal Reserve interest ra
U.S. Stocks Hit Records; Gold Surges, Bitcoin Declines
U.S. Stock Market Soars Amid Treasury Yield Concerns Despite ongoing global uncertainties, the U.S. stock market has defied expectations, setting unprecedented records this year. The surge of the stock indices reflects the market's buoyancy despite economic fluctuations. Major indicators like the Dow Jones, S&P 500, and Nasdaq have all reached new highs, signifying the resilience of equities in the current financial landscape. Meanwhile, gold prices have surged, reinforcing its status as a safe
Falling Mortgage Rates: Expert Advice for U.S. Homebuyers and Sellers
Expert Tips for Homebuyers and Sellers as Mortgage Rates Drop Mortgage rates are making headlines as they continue to decline, promising significant impacts on both homebuyers and sellers. These shifts in the real estate landscape invite a closer look at how adjustments in economic indicators, such as the federal funds rate and the 10-year treasury yield chart, are playing a part in this development. The U.S. housing market is reacting in intriguing ways, offering potential advantages for those
US Housing Giant Hopes Fed Policies Boost Sagging Profits
Revitalizing S&P 500 Housing with Federal Reserve Policies The primary keyword, "Treasury Yield," has become an increasingly critical focus within the realm of the S&P 500 housing market. Current fluctuations in bond rates, particularly the 10-year bond rate, are causing waves in the already volatile US housing market. This situation is marked by a profit decline experienced by major housing giants, as economic uncertainty steers investor confidence. The Federal Reserve's policies and interest
Impact of U.S. Treasury Yields Rise After Fed Rate Cut
The Impact of a Treasury Yield Rise on the U.S. Economy After a Fed Rate Cut The current rise in the 10-year Treasury bond rate has caught the attention of economists, investors, and policymakers alike. Treasury yields, particularly the 10-year Treasury bond rate, act as a key indicator of the economic outlook in the United States. They affect interest rates, the bond market, and expectations for inflation. Understanding their fluctuations can offer insight into financial markets and help guide
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, 3-Month Treasury Bill Secondary Market Rate, Discount Basis [TB3MS], retrieved from FRED.
Last Checked: 8/1/2025